Biden’s Latest Infrastructure Offer: $1 Trillion

The Wall Street Journal2021-06-03

President floated proposal in meeting with GOP Sen. Capito but negotiators remain far apart President Biden signaled he remained committed to paying for the infrastructure plan with corporate tax ...

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Comments

Doc FM
2021-06-03
Doc FM
good news?
Championone
2021-06-03
Championone
Noted
2020TS
2021-06-03
2020TS
Print $
- darrenlsw:
  Spend and Spend With printed money
- DC07:
  Maybe
pin123
2021-06-03
pin123
Hi

Leave a comment

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Capito but negotiators remain far apart\nPresident Biden signaled he remained committed to paying for the infrastructure plan with corporate tax ...</p>\n\n<a href=\"https://www.wsj.com/articles/bidens-latest-infrastructure-offer-1-trillion-11622725783?mod=hp_lead_pos3\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.wsj.com/articles/bidens-latest-infrastructure-offer-1-trillion-11622725783?mod=hp_lead_pos3","article_id":"1101812999","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101812999","pubTimestamp":1622726414,"sourceInfo":null,"weMediaInfo":null,"summary":"President floated proposal in meeting with GOP Sen. Capito but negotiators remain far apart\nPresiden","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"translate_title":"拜登最新基建报价：1万亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"President floated proposal in meeting with GOP Sen. Capito but negotiators remain far apart\nPresident Biden signaled he remained committed to paying for the infrastructure plan with corporate tax increases.\nWASHINGTON—President Biden told a top Senate Republican that he wants $1 trillion in new spending in infrastructure legislation, according to people briefed on the matter, a proposal that still leaves the president far apart from GOP lawmakers.\nDuring a Wednesday afternoon White House meeting with Sen. Shelley Moore Capito (R., W.Va.), Mr. Biden laid out his $1 trillion proposal and signaled he remained committed to paying for the plan with corporate tax increases, the people said. Any new spending would be on top of a $400 billion baseline over five years, one of the people said, referring to projected federal spending if current programs continued.\nPreviously, Mr. Biden had proposed a $1.7 trillion offer, all of which was above baseline levels. Congress will need to set new baseline spending by the end of this fiscal year.\nSenate Republicans unveiled a plan last week to spend $928 billion over eight years to update roads, bridges, rail and transit systems. That offer is an increase from the GOP’s original five-year $568 billion proposal, but only about $257 billion of their latest proposal is above baseline levels, according to the Republicans.\nMrs. Capito and other Senate Republicans working on the compromise infrastructure legislation are discussing making a counteroffer to the White House on Friday, when Mr. Biden and Mrs. Capito are planning to speak again.Politico first reported Mr. Biden’s offer.\nBiden administration officials have said infrastructure talks need to show a clear direction toward an agreement by the time Congress returns from its recess on June 7. Another group of lawmakers, including Sens. 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